Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: quest55720
Originally posted by: RichardE
Originally posted by: Double Trouble
This is the kind of stuff we have to look forward to when you have an all-democrat congress and president. Clearly, those "rich people" have used this incredible loophole to steal from the poor, they need to be punished for saving. I say we just take away their 401(k) and call it part of their "patriotic duty" to help the country. Then we can take all that 401(k) money and distribute it to those "disenfranchised" people who never saved anything.
If it passes republicans are going to have to vote for it, and a republican president will have to approve it.
Not if this comes up next year. There is 100% chance Obama wins. There is a 50% chance the dems will get 60 seats in the senate. There is a good chance this shit could pass with out 1 single republican vote. Obama would rubber stamp it in a second. It is shit like this why we need split government. I rather like my 401k the way it is personally.
I talked about this a few months ago. A defacto dictatorship if Obama gets the super majority.
and it wasn't a Bush/Republican dictatorship?
Your confusion is noted but expected. Did Bush ever enjoy a super majority?
If not consider it a rubberstamp.